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paul ryan does for all the welfare programs what clinton did, speaking of clinton. the one thing he did in the presidency rather than bringing us the republican house and senate, the other good thing he did was welfare reform. block granting welfare to the states. that's what the ryan plan does to save money. and that's how we balance the budget without raising taxes. >> but paul ryan has disavowed the ryan plan. mitt romney is not bound he says by the ryan plan. mitt romney has offered a plan that is actually has so little in that you can't even run the numbers. i mean, if you have a plan that is basically filled with empty magic asterisks you can't analyze whether this will deal with a budget deficit in the future. the independent tax policy center said in fact -- >> it's a left wing group, for crying out loud. it's a left wing group. >> -- tonight on taxes. good to see you both. thanks for your time. as the president and governor romney make their final preps, corporate america gets their chance to weigh in. >> when we come back, the former president and coo of v
paul ryan does for all the welfare programs what clinton did, speaking of clinton. the one thing he did in the presidency rather than bringing us the republican house and senate, the other good thing he did was welfare reform. block granting welfare to the states. that's what the ryan plan does to save money. and that's how we balance the budget without raising taxes. >> but paul ryan has disavowed the ryan plan. mitt romney is not bound he says by the ryan plan. mitt romney has offered a...
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it came from bill clinton's chief of staff. we canys let's see if get competition into the medicare world so people can get the choice of different plans at lower cost, better policy is a quality. i believe in competition. >> every study has shown matters here -- medicare has the word administrative cost. this is why seniors are generally happy with it. private insurers have to make a profit. that is what they do. you have higher administrative costs plus profit on top of that. if you were going to save any money to what governor romney is proposing, what has to happen is that the money has to come from somewhere. when you move to a voucher system, you are putting seniors at the mercy of those insurance companies. over time, it traditional medicare has decayed, they are stuck. this is why aarp has said your plan would begin medicare substantially. that is why they were supportive of the approach we took. we do have to lower the cost of health care. >> we will talk about that in a minute. >> overall. quote that is a big topic. -
it came from bill clinton's chief of staff. we canys let's see if get competition into the medicare world so people can get the choice of different plans at lower cost, better policy is a quality. i believe in competition. >> every study has shown matters here -- medicare has the word administrative cost. this is why seniors are generally happy with it. private insurers have to make a profit. that is what they do. you have higher administrative costs plus profit on top of that. if you...
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bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit. >> he gets the first word of that segment. let me make this comment. let me repeat what i said. i am not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. that is not my plan. let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates and credit so the revenue stays in but we bring down rates to get more people working. my priority is putting people back to work in america. they are suffering. look at the evidence of the last four years. it
bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit....
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bill clinton created the approach i am talking about. we went from deficit to surplus, and businesses did very well. in some ways, we have some data on which approach is more liiely to create jobs and opportunities for americans, and i believe the economy works best when middle- class families are getting tax breaks so they have some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, we can pfford to do a little bit more to make sure we are not blowing up the deficit. >> it is the first word that segment, i get the last word of that segment. let me repeat what i said. i am not in favor of a $5 trillion tax cut. my plan is not to put in place in the tax cut that will add to the deficit. number two, let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates but also bring down deductions and exemptions and credits at the saae time. the revenue stays in, but we bring down rates tt get more people working. my prior
bill clinton created the approach i am talking about. we went from deficit to surplus, and businesses did very well. in some ways, we have some data on which approach is more liiely to create jobs and opportunities for americans, and i believe the economy works best when middle- class families are getting tax breaks so they have some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, we can pfford to do a little bit...
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bill clinton tried the approach that i'm talking about. we created 23 million new jobs went from deficit to surplus, and businesses did very well. so in some ways we have data on which approach is more likely to create jobs and opportunity for americans, and i believe the economy works best when middle class families are getting tax breaks so they have money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can do more -- >> romney: jim the president started this segment. so i get the last word. >> you get the first word of the next segment. >> romney: i'm not in favor of a $5 trillion tax cut. that's not my plan. that's .1. so you may keep referring to it as a $5 trillion tax cut. but that's not my plan. number 2, let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rates and also bring down deductions exemptions and credits at the same time so the revenue stays in. my priority is putting people back to work
bill clinton tried the approach that i'm talking about. we created 23 million new jobs went from deficit to surplus, and businesses did very well. so in some ways we have data on which approach is more likely to create jobs and opportunity for americans, and i believe the economy works best when middle class families are getting tax breaks so they have money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can do...
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. >>> now, governor clinton. thank you. >>> now, president sh. >>> about 30 seconds we'll go on the air. >>> good evening and welcome to the first of 3 ndidates for presidentf jor the united states sponsored by the commission on presidential debates. the candidates are: independent candidate ross perot, governor bill clinton, the democratic nominee, and presiden george bush. >> i am jim lehrer. i will be the moderator for this 90 minute event. thisis on the campus of washington university, in st. louis, missouri. 3 journalists will be asking questions, john mashek, ann compton of abc news, and sander vanocur. >> we will follow a format agreed to agreed by the clinton and bush campaigns. that contains no restriions on the content or subject matter of the questions. each candidate will haveup to 2 minutes for a closing atement. the order of those as well as the questioning was determined by a drawing. the first question goes to mr. perot. he wl have 2 minutes to answer to be followed by rebuttals of 1 minute each b
. >>> now, governor clinton. thank you. >>> now, president sh. >>> about 30 seconds we'll go on the air. >>> good evening and welcome to the first of 3 ndidates for presidentf jor the united states sponsored by the commission on presidential debates. the candidates are: independent candidate ross perot, governor bill clinton, the democratic nominee, and presiden george bush. >> i am jim lehrer. i will be the moderator for this 90 minute event. thisis on...
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bill clinton tried the approach that i'm talking about. we create ed 23 million new job we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans, and i believe that the economy works best when middle class families are getting tax breaks, so that they've got some money in their pockets. and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more to make sure we're not blowing up the deficit. >> jim, the president began this segment, so i think i get the last word. >> well, you're going to get the first word in the next segment. >> but he gets the first word of that segment, i get the last word of this segment. >> he can have it. >> that's not how it works. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut that will add to the deficit. that's point one
bill clinton tried the approach that i'm talking about. we create ed 23 million new job we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans, and i believe that the economy works best when middle class families are getting tax breaks, so that they've got some money in their pockets. and those of us who have done extraordinarily well because of this magnificent country...
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bill clinton. businessman ross perot entered the race as an independent candidate and the three major parties -- the two major party agreed to allow him to enter the debate. this is an hour and 40 minutes. >> here now is mr. ross perot. >> good to see you. thank you. how are you? thank you. >> now, governor clinton. [applause] and now, president bush. [applause] >> and about 30 seconds, we will be going on the air. good evening, and welcome to the first of 3 debates among the major candidates for president of the united states, sponsored by the commission on presidential debates. the candidates are: independent candidate ross perot, governor bill clinton, the democratic nominee, and president george bush, the republican nominee. i am jim lehrer of the macneil- lehrer news hour on pbs, and i will be the moderator for this 90-minute event, which is taking place before an audience in the athletic complex on the campus of washington university in st. louis, missouri. three journalists will be asking qu
bill clinton. businessman ross perot entered the race as an independent candidate and the three major parties -- the two major party agreed to allow him to enter the debate. this is an hour and 40 minutes. >> here now is mr. ross perot. >> good to see you. thank you. how are you? thank you. >> now, governor clinton. [applause] and now, president bush. [applause] >> and about 30 seconds, we will be going on the air. good evening, and welcome to the first of 3 debates...
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it goes to governor clinton for a 2 minute question. it is asked by ann compton. >> governor clinton, can yo middle income families can be guaranteed a tax cut or what income level they can be guaraeed no tax increase. >> the tax increase figures in at $200,000 and above. >> they had their incomes go up while taxes down. middle class people defined as people with incomes as $52,000 and down had their incomes go down while th taxes went up in the reagan-bush years because of 6 increases in the payroll taxes. that is where it would trigger. >> there would be no tax increases below -- >> my plan, notwithstanding -- my plan igures in at family incomes of $200,000 and above andgive modest middlerelief to restore faespecially to people with incomes below in addition to that, the money i raise from upper monepeople, if they pay the same income on their income the same as american corporations do, they will give incentives back. i wt to give permant incentives back. a resource and development credit, a long term proposal for business and expans
it goes to governor clinton for a 2 minute question. it is asked by ann compton. >> governor clinton, can yo middle income families can be guaranteed a tax cut or what income level they can be guaraeed no tax increase. >> the tax increase figures in at $200,000 and above. >> they had their incomes go up while taxes down. middle class people defined as people with incomes as $52,000 and down had their incomes go down while th taxes went up in the reagan-bush years because of 6...
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said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. donald trump is a small business. i know donald trump doesn't like to think himself as small anything, but but that's how you define small businesses, if you are getting business income. and that kind of approach, i believe, will not grow our economy, because the only way
said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a...
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i think the economy has meant more for the gore and clinton folks than the gore and clinton folks have meant for the economy. i think most of the economic growth that has taken place is a result of ingenuity and hard work and entrepreneurship and that's the role of goverment to encourage that. in terms of in response to the question, no. >> can i comment on that? >> you may. >> you know, i think the american people deserve credit for the great economy that we have. it's their ingenuity, i agree with that. but you know, they were working pretty hard eight years ago. and now they had ingenuity eight years ago. the difference is we've got a new policy. and instead of concentrating on tax cuts mostly for the wealthy, we want -- i want tax cuts for the middle-class families and i want to continue the prosperity and make sure that it enriches not just a few but all of our families. we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the
i think the economy has meant more for the gore and clinton folks than the gore and clinton folks have meant for the economy. i think most of the economic growth that has taken place is a result of ingenuity and hard work and entrepreneurship and that's the role of goverment to encourage that. in terms of in response to the question, no. >> can i comment on that? >> you may. >> you know, i think the american people deserve credit for the great economy that we have. it's their...